Administrator Appointment Notice (Notice Of Intention To Appoint Not Given)
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🔖 Appointment of administratorBusiness activity
Appoint administratorA administrator is a person who is in control of an estate when the owner of the estate dies without a will. The administrator is responsible for distributing the estate according to the law.
In the UK, the appointment of an administrator can be a necessary step when a company is undergoing financial distress and is unable to meet its financial obligations. However, before appointing an administrator, the Insolvency Act 1986 requires giving notice of intention to both the company itself and any qualifying floating charge holders, allowing them the opportunity to appoint their own administrator or take alternative actions.
This specific legal template serves a purpose when the party intending to appoint an administrator failed to give the required prior notice to the previously mentioned parties. It helps to rectify the situation by providing notice after the fact. The template would include essential information such as the name and contact details of the company seeking administration, the appointment date, and a clear statement of intention to appoint an authorized administrator.
By using this template, the party intending to appoint an administrator demonstrates their compliance with the legal procedure, seeking to regularize their actions despite the missed notice requirement. This template helps ensure transparency, mitigating potential legal issues, and providing all concerned parties with information about the appointment of an administrator.
It is important to note that the content and specific requirements of this template may vary based on the circumstances and relevant jurisdiction within the United Kingdom. Users should consult with legal professionals to ensure the accurate application of this template in specific situations.
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